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34th & Hamilton 411 N 34th St 21 Unit Apartment Building $9,493,158 CAD ($452,055 CAD/Unit) 6% Cap Rate Philadelphia, PA 19104
Executive Summary
This 21-unit, 62-bed community is the "Lifestyle" play of the portfolio. Built in 2015, the 29,223 square foot property includes a dedicated fitness center, which drives a premium over neighboring smaller assets. It is perfectly positioned for the Year 2 projected rent increase of $360,000.
Located at 34th & Hamilton Streets, this property boasts a 98 "Biker’s Paradise" score. The building features shared secure laundry facilities and modern floor plans that appeal heavily to upperclassmen. It is less than a 10-minute walk to the Drexel Student Union.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Located at 34th & Hamilton Streets, this property boasts a 98 "Biker’s Paradise" score. The building features shared secure laundry facilities and modern floor plans that appeal heavily to upperclassmen. It is less than a 10-minute walk to the Drexel Student Union.
University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.
University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.
With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.
Property Facts
| Price | $9,493,158 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $452,055 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6% | Building Size | 29,223 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2014 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CMX-2 - Residential | ||
| Price | $9,493,158 CAD |
| Price Per Unit | $452,055 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 29,223 SF |
| No. Stories | 3 |
| Year Built | 2014 |
| Opportunity Zone |
Yes |
| Zoning | CMX-2 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Shuttle To Campus
- Key Fob Entry
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 881812250 | Improvements Assessment | $5,523,649 CAD |
| Land Assessment | $974,762 CAD | Total Assessment | $6,498,411 CAD |
Property Taxes
Parcel Number
881812250
Land Assessment
$974,762 CAD
Improvements Assessment
$5,523,649 CAD
Total Assessment
$6,498,411 CAD
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34th & Hamilton | 411 N 34th St
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